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( SH T Net Increase in Net Assets Resulting from Operations of $ 0.39 per Share DECLARES THIRD QUARTER 2021 DISTRIBUTION OF $ 0.36 PER SHARE Menlo Park , Calif . , August 4 , 2021 - TriplePoint Venture Growth BDC Corp. ( NYSE : TPVG ) ( the " Company , " " TPVG , " " we , " " us , " or " our " ) , the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries , today announced its financial results for the second quarter ended June 30 , 2021 and the declaration by its Board of Directors of its third quarter 2021 distribution of $ 0.36 per share . ■ TRIPLE POINT VENTURE GROWTH Second Quarter 2021 Highlights Signed $ 250.8 million of term sheets with venture growth stage companies at TriplePoint Capital LLC ( " TPC " ) and TPVG closed $ 102.5 million of new debt commitments to venture growth stage companies ; Funded $ 76.0 million in debt investments to seven portfolio companies with a 13.2 % weighted average annualized portfolio yield at origination ; Achieved a 13.9 % weighted average annualized portfolio yield on total debt investments for the quarter ; Increased net asset value to $ 403.1 million , or $ 13.03 per share , at June 30 , 2021 ; TPVG portfolio companies Bird Rides , Inc. , Enjoy , Inc. , Inspirato LLC and Sonder , Inc. announced plans to go public through SPAC mergers and Groop Internet Platform , Inc. ( d / b / a Talkspace ) closed its SPAC merger ; Earned net investment income of $ 9.4 million , or $ 0.30 per share , and had a net increase in net assets resulting from operations of $ 12.0 million , or $ 0.39 per share ; Five portfolio companies raised in the aggregate over $ 600 million of capital in private rounds of financing during the quarter ; Realized a 9.5 % return on average equity , based on net investment income during the quarter ; Held debt investments in 34 portfolio companies , warrants in 72 portfolio companies and equity investments in 28 portfolio companies at June 30 , 2021 ; Redeemed at par the $ 74.8 million aggregate principal amount of outstanding 5.75 % fixed - rate notes due 2022 ( the " 2022 Notes " ) on April 5 , 2021 ; Ended the quarter with a 0.67x leverage ratio ; In April , DBRS confirmed TPVG's investment grade rating , BBB Long - Term Issuer rating , with a stable trend outlook ; Declared a third quarter distribution of $ 0.36 per share , payable on September 15 , 2021 ; bringing total declared distributions to $ 11.14 per share since the Company's initial public offering ; and Subsequent to the end of the second quarter of 2021 , TPVG portfolio company Revolut Ltd announced the closing of an $ 800 million private equity raise at a $ 33 billion valuation . Based on this event , TPVG preliminarily estimates that the combined fair value range of its equity and warrant investments in Revolut Ltd is approximately $ 10 million to $ 20 million , up from a combined fair value of $ 1.8 million at June 30 , 2021 , with the final fair value subject to completion of TPVG's quarterly valuation process for the third quarter . ■ TriplePoint Venture Growth BDC Corp. Announces Second Quarter 2021 Financial Results ■ Year to Date 2021 Highlights Earned net investment income of $ 18.3 million , or $ 0.59 per share , and had a net increase in net assets resulting from operations of $ 23.8 million , or $ 0.77 per share ; Paid distributions of $ 0.82 per share ; Signed $ 443.0 million of term sheets with venture growth stage companies at TPC and TPVG closed $ 192.9 million of new debt commitments to venture growth stage companies ; Funded $ 132.9 million in debt investments to 13 portfolio companies with a 13.0 % weighted average annualized portfolio yield at origination ; Funded $ 2.5 million in direct equity investments in private rounds of financing to six portfolio companies ; Achieved a 13.6 % weighted average annualized portfolio yield on total debt investments ; Increased revolving credit facility ( " Credit Facility " ) capacity to $ 350 million from $ 325 million ; 1